Common use of Crediting of Payments Clause in Contracts

Crediting of Payments. We do not charge for payments you make by regular mail service or other standard payment methods we have approved. If we charge a fee for any expedited payment service we offer, that fee will be disclosed to you at the time you request the service. All payments made on your Account at the address designated for payment on the monthly periodic statement will be credited to your Account on the date of the receipt. If the date of receipt is not a business day, your payment will be credited on the first business day following receipt. All minimum payments required for your account will be applied first to any collection costs due, then to any INTEREST CHARGE and other fees, and then to the unpaid principal balance in our discretion. Payments received in excess of the minimum required payment will be applied first to the balance with the highest interest rate. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under the applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you.

Appears in 5 contracts

Samples: www.datcu.org, www.datcu.org, www.datcu.org

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Crediting of Payments. We do not charge for payments you make made by regular standard mail service or other standard payment methods we have approvedapproved by us. If we charge a fee for any expedited payment service we offer, that fee will be disclosed to you at the time you request the service. All service.[You may make payments by mail, through our website, or at any of our branch office locations.] If payment is made on your Account at any location other than the address designated for payment on the monthly periodic statement will [or through other payment channels we have authorized], credit for such payment may be credited delayed up to your Account on the date of the receiptfive days. If the date of receipt is not a business day, your Minimum payment will be credited on the first business day following receipt. All minimum payments required for your amounts and account credits will be applied first to any collection costs INTEREST CHARGE due, then to any INTEREST CHARGE and other feesfees due, and then the remainder to the unpaid principal balance in our discretionbalance. Payments received made in excess of the minimum required payment amount will be applied first to the balance with the highest interest rate, if applicable. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under the applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you.

Appears in 2 contracts

Samples: Agreement, Agreement

Crediting of Payments. We do not charge for payments you make made by regular standard mail service or other standard payment methods we have approvedapproved by us. If we charge a fee for any expedited payment service we offer, that fee will be disclosed to you at the time you request the service. All payments made on your Account at the address designated for payment on the monthly periodic statement will be credited to your Account on the date of the receipt. If the date of receipt is not a business day, your payment will be credited on the first business day following receipt. All minimum payments required for on your account Account will be applied first to any collection costs duecosts, then to any INTEREST FINANCE CHARGE and other feesfees due, and then to the unpaid principal balance in our discretion. Payments received in excess of the minimum required payment will be applied first to the balance with the highest interest ratebalance. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under the applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you.

Appears in 2 contracts

Samples: www.hbtbank.com, www.southwest66.com

Crediting of Payments. We do not charge for payments you make made by regular standard mail service or other standard payment methods we have approvedapproved by us. If we charge a fee for or any expedited payment service we offer, that fee will be disclosed to you at the time you request the service. All [You may make payments by mail, through our website, or at any of our branch office locations.] If payment is made on your Account at any locations other than the address designated for payment on the monthly periodic statement will [or through other payment channels we have authorized], credit for such payment may be credited delayed up to your Account on the date of the receiptfive days. If the date of receipt is not a business day, your Minimum payment will be credited on the first business day following receipt. All minimum payments required for your amounts and account credits will be applied first to any collection costs INTEREST CHARGE due, then to any INTEREST CHARGE and other feesfees due, and then the remainder to the unpaid principal balance in our discretionbalance. Payments received made in excess of the minimum required payment amount will be applied first to the balance with the highest interest rate, if applicable. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under the applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you.

Appears in 1 contract

Samples: Agreement

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Crediting of Payments. We do not charge for payments you make made by regular mail service or other standard payment methods we have approvedapproved by us. If we charge a fee for any expedited payment service we offer, that fee will be disclosed to you at the time you request the service. All payments made on your Account account at the address designated for payment on the monthly periodic statement will be credited to your Account account on the date of the receipt. If the date of receipt is not a business day, your payment will may be credited on the first business day following receipt. If payment is made at any location other than the address designated on the periodic statement, credit for such payment may be delayed up to five days. All required minimum payments required for on your account will be applied first to any collection costs duecosts, then to any INTEREST CHARGE and other feesfees due, and then to the unpaid principal balance in our discretionbalance. Payments received made in excess of the required minimum required payment will be applied first to the balance balances with the highest interest rate, if applicable. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under the applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you.

Appears in 1 contract

Samples: Credit Card Agreement

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